FTSE 100 movers: Banks wanted as Greek fears ease
28th Jun 2011 14:35
The banking sector was lifting the FTSE 100 on Tuesday, as fears over the Greek situation eased. French president Nicolas Sarkozy announced an agreement with French banks to refinance holdings of Greek sovereign debt. "We concluded that by stretching out the loans over 30 years, putting (interest r
Read moreTuesday newspaper round-up: Retail job losses, repossessions, Lloyds, IEA
28th Jun 2011 05:58
The squeeze on spending was threatening more than 8,000 high street jobs last night as TJ Hughes became the latest chain to teeter on the brink.The collapse of the Liverpool-based discount department store would put 4,200 jobs in jeopardy. Another 1,600 are at risk at the Jane Norman fashion chain,
Read moreMonday newspaper round-up: Vodafone, Bank of England, BSkyB, cotton surge
27th Jun 2011 06:44
Vodafone is set to raise £1bn this week by quitting Poland's second-largest mobile phone network as part of a retreat from countries where it does not have outright control. Vodafone owns nearly 25% of Polkomtel, and its co-owners ? which include a state-owned copper miner, oil refiner and coal expo
Read moreSector movers: Miners make gains after yesterday's sell-off
24th Jun 2011 15:20
Miners, on the whole, are wanted, recovering from the broad sector sell-off experienced on Thursday. Blue chips Antofagasta, Xstrata, ENRC, Rio Tinto, BHP Billiton and Randgold Resources are among the big gainers. Antofagasta, the best performer, is being helped higher as copper futures have ris
Read moreFTSE 100 movers: Miners recover after yesterday's sell-off
24th Jun 2011 14:40
Miners, on the whole, are wanted, recovering from the broad sector sell-off experienced on Thursday. Blue chips Antofagasta, Xstrata, ENRC, Rio Tinto, BHP Billiton and Randgold Resources are among the big gainers. Rolls-Royce is a high riser after it secured - along with Daimler - full control of
Read moreLondon close: Footsie finishes well below 5,700
23rd Jun 2011 16:39
The Footsie steadily declined to finish below the 5,700 level on Thursday after last night's message from the Federal Reserve which highlighted its caution over the economic recovery in the US. While also cutting his forecasts for US growth, Fed chairman Ben Bernanke signalled the end of its second
Read moreFTSE 100 movers: Miners unwanted as metals prices drop
23rd Jun 2011 16:14
Miners dominated the fallers of the FTSE 100 on Thursday afternoon as commodity prices took a tumble. Vedanta Resources, ENRC, Kazakhmys and Xstrata are among the top ten worst performers, tracking copper, gold and silver futures lower. Just five stocks are making gains, British Sky Broadcasting b
Read moreThursday newspaper round-up: People's bank, LSE, Debenhams
23rd Jun 2011 06:47
Every adult in Britain could be given RBS and Lloyds shares worth hundreds of pounds under plans being considered by the Treasury to create a "people's banking system", Nick Clegg revealed yesterday. The Deputy Prime Minister has written to George Osborne, the Chancellor, to ask him to look at propo
Read moreLondon close: Greek concerns weigh on financials
20th Jun 2011 16:43
The Footsie finished moderately lower on Monday afternoon as Greek debt crisis dragged on. Financials were among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the c
Read moreFTSE 100 movers: RBS leads financials lower
20th Jun 2011 16:01
Financials are among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the country. RBS, Man Group, Hargreaves Lansdown and Schroders were the worst four performers as o
Read moreLondon close: Miners dominate fallers as global worries continue
16th Jun 2011 16:45
Global growth worries dampened the markets on Thursday as all but a few constituents on the FTSE 100 finished in the red. While the Footsie edged higher in the late afternoon, it still closed under the 5,700 level, a level not seen since mid-March. FTSE 100 closed down 44 at 5,699. A lack of clarit
Read moreLondon close: Glencore drags Footsie 1% lower
15th Jun 2011 16:39
The blue chip index slipped further into the red on the back of a poor start on Wall Street as economic data disappointed. US May consumer price index came in ahead of forecasts, rising 0.2%. While the Federal Reserve Bank of New York manufacturing sector index fell to a reading of -7.79, from 11.9
Read moreFTSE 100 movers: Glenore dismisses rumours, shares drop
15th Jun 2011 14:08
Glencore is the worst performing stock on the blue chip index as of Wednesday afternoon. In a brief statement in response to press speculation, the commodities trader stated that it is not actively considering an offer for Kazakh mining company Eurasian Natural Resources Corporation (ENRC). The offi
Read moreHICL buys Scottish schools PPP projects
15th Jun 2011 12:19
Infrastructure investment company HICL Infrastructure said it has acquired an interest in the South Ayrshire Schools Public Private Partnerships project from subsidiaries of Carillion, Lloyds Banking Group and Cyril Sweett Group for £15.75m. HICL said the acquisition was funded from the company's
Read moreBritish banks face ring-fence between retail and investment arms
15th Jun 2011 10:36
British banks are to be forced to ring-fence their retail and investment operations. The idea is to protect high street bank customers losing their savings if investment bankers suffer heavy losses, as they did during the financial crisis of 2008. The Chancellor of the Exchequer, George Osborne, i
Read more